Tag Archives: Yandex

The Rovers can operate wherever people walk, including through water and snow. Credit: Grubhub Inc. / PRNewswire. Online food-ordering and delivery platform Grubhub has discontinued its collaboration with Russian driverless robot developer Yandex, Reuters reported. The reason behind ending the partnership has not been divulged. However, the company’s decision has come at a time when some… Source link

Russian technology company Yandex said that it was “pausing” its autonomous vehicle and sidewalk robot testing in the US. The news was first reported by Automotive News. The company said it was shutting down its robotaxi fleet in Ann Arbor, Michigan, as well as a delivery service with Grubhub powered by its six-wheeled sidewalk robots. “We hope to resume the operations in the future,” a spokesperson said. The news comes as Russia’s invasion of Ukraine continued to send… Source link

Russian self-driving tech company Yandex has placed its operations in the U.S. on hold. The company said Friday it has paused testing of its robotaxi fleet in Ann Arbor, Michigan, and is no longer making restaurant deliveries with its six-wheeled sidewalk Rover bots on college campuses across the country. “Our AV test fleet in Ann Arbor is grounded at the moment, but we hope to resume operations in the future,” a spokesperson told Automotive News. Yandex stopped its operations as Russia’s… Source link

Russian self-driving tech company Yandex has placed its operations in the U.S. on hiatus. The company said Friday it has paused testing of its robotaxi fleet in Ann Arbor, Mich., and is no longer making restaurant deliveries with its six-wheeled sidewalk Rover bots on college campuses across the country. “Our AV test fleet in Ann Arbor is grounded at the moment, but we hope to resume operations in the future,” a spokesperson told Automotive News. Yandex stopped its operations as Russia’s… Source link

Russian cloud and search giant Yandex warned that it might default on its debt, after it was suspended from trading on New York’s stock exchange. The company avoided immediately defaulting by paying a coupon due Thursday. Its Netherlands-based division transferred $4.7 million to holders of its $1.25 billion bond due 2025. Yandex’s debt has lost more than half its value in the past week, according to Trade Reporting and Compliance Engine (TRACE) pricing. … Source link

MOSCOW, March 4 (Reuters) – Russia’s Nasdaq-listed e-commerce player Ozon (OZON.O) on Friday said that holders of its bond maturing in 2026 may be entitled to redeem the principal and interest accrued if trading remains halted until March 8, but has the cash in its accounts to pay. Trading of Ozon’s shares on Nasdaq was suspended on Feb. 28 and if suspension lasts for at least seven day, the company’s $750 million unsecured convertibles bonds due in 2026 can become subject to a “Delisting… Source link

The fine line of “unprecedented” sanctions against Russia 2:38 London (CNN Business) — Yandex, Russia’s biggest search engine, could collapse as the financial fallout from the Ukraine invasion spreads. Yandex, which controls around 60% of Russia’s Internet search traffic and operates a large trucking business, warned late on Thursday that it may be unable to pay its debts as a result of the financial market collapse triggered by the unprecedented wave of sanctions from the… Source link

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(Adds detail) MOSCOW, March 4 (Reuters) – Russian internet giant Yandex on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on… Source link

MOSCOW, March 4 (Reuters) – Russian internet giant Yandex (YNDX.O) on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on Nasdaq of… Source link